11-09-2024
The Board of Directors of Qatar National Bank (Q.P.S.C.) at its meeting held on 11 September 2024 have approved a share repurchase to buy back a percentage of the Bank’s shares (ticker ID: QNBK) for a value up to QAR2.9 billion, subject to obtaining relevant regulatory approvals from Qatar Central Bank and Qatar Financial Markets Authority.
QNB intends to conduct its share repurchase (buy back) transactions in accordance with the rules provided as per QFMA decisions number 3 and 4 of 2024. Further disclosures on this buy back will be announced to the market in due course after obtaining requisite approvals.